Asian Stocks Rebound with Tech Surge Amidst Commodity Slump

Asian stocks bounced back from their one-month lows, led by semiconductor shares. Taiwan's market recovered from a five-day losing streak as Wall Street showed signs of recovery. Meanwhile, political and economic factors influenced the wider market, including commodity prices dragging down the Aussie dollar.

Asian stocks rebounded from one-month lows on Tuesday, driven by a surge in semiconductor shares following a Wall Street recovery. Taiwan's market broke a five-day losing streak.

MSCI's Asia-Pacific shares outside Japan rose 0.55%, with Japan's Nikkei steadying due to stabilizing chip stocks. The S&P 500 and the tech-heavy Nasdaq both saw significant gains overnight.

Investor sentiment remains cautious amid political uncertainties, but tech giants like Tesla and Alphabet posted gains. Taiwan's TSMC rose 2%, despite recent market value losses. South Korean chipmakers also rebounded, buoyed by strong demand.

(With inputs from agencies.)